August - September 1998

- POPULATION: Approximately 3 million
- SIZE: Slightly larger than Maryland
- CURRENCY: Armenian dram (AMD)
- EXCHANGE RATE: US$1 = 498.87 AMD (8/98)
- GDP GROWTH
1997: 2.5%
1996: 5.8%
- INFLATION:
1997: 13.8%
1996: 18.7%
- U.S. EXPORTS
1997: $62 million
1996: $57 million
LEADING U.S. EXPORTS TO ARMENIA (1997):
Charitable donations (medical supplies, pharmaceuticals), cereal grains, dairy products, machinery

This report is provided courtesy of the Business Information Service for the Newly Independent States (BISNIS)